Infineon Technologies has raised its full-year guidance for fiscal 2026, joining a wave of chipmakers cashing in on the global AI infrastructure buildout. The German semiconductor giant now expects revenue to rise significantly year-on-year, up from a prior forecast of moderate growth.
The company posted second-quarter revenue of 3.81 billion euros -- a 6% increase from the same period last year -- driven by surging demand for power supply solutions in AI data centers and a pickup in automotive orders.
CEO Jochen Hanebeck said in a statement: "The AI boom strengthens further, and our power supply solutions for AI data centers are in very high demand."
Infineon now targets a segment result margin of around 20% for fiscal 2026, up from the high-teens range previously expected. The company forecasts revenue of roughly 1.5 billion euros from AI data center applications this fiscal year, climbing to about 2.5 billion euros by fiscal 2027.